As a gamer who has been around the block a few times, I can’t help but feel a pang of sadness and disbelief when I hear about such blatant scams like this one. The idea that someone would take advantage of innocent people, especially those who are older or less tech-savvy, is just downright disgusting.
215 individuals, among them a well-known YouTube personality, have been taken into custody by the authorities due to their alleged involvement in a $232 million fraud scheme involving cryptocurrencies.
215 people linked to a swindle involving virtual assets have been apprehended by South Korean authorities, who allege the scheme duped around 15,000 investors out of approximately $232 million (or 325 billion won). These con artists enticed their victims with offers promising returns as high as 20 times their initial investment.
Police also detained an unnamed YouTuber with over 620,000 subscribers, believed to be the “mastermind” behind the crypto scam, along with 12 others.
As per a recent report, the suspected leader and their associates have been accused of establishing, being part of, or taking part in a criminal organization. The charges stem from activities allegedly carried out between December 2021 and March 2023, during which the gang is said to have distributed 28 distinct types of counterfeit digital assets.
In order to execute the plan, it is said that the YouTube personality allegedly set up more than twenty companies that resembled investment consultancies and holding companies, taking on responsibilities such as coin creation, price control, and money concealment (often referred to as money laundering).
As a seasoned gamer, I’ve got my hands on six unique digital tokens among the stack of 28, crafted by a genius mind and officially listed for trading on international crypto markets.
As a gamer, I might put it like this: “To stir excitement, the YouTuber and his crew seemed to artificially boost demand by buying up those rare in-game items themselves, pushing the prices skyward. Later, they’d offload these overpriced goods, leaving us, the unaware investors, holding the bag with the losses.
Fraudulent investment schemes, growing increasingly complex and coordinated, are causing numerous victims, according to an anonymous Korean police official. If you’re offered high returns from investments that don’t require face-to-face interactions, exercise extreme caution as there’s a strong likelihood it may be a scam.
The investigation uncovered that a significant number of the affected individuals were Korean adults in midlife or beyond, who were convinced to put their retirement savings towards investments. On certain occasions, these victims had to sell their flats to gather the necessary funds for this purpose.
The police have stated that they’ve requested a court order to freeze and secure the $34.2 million that has been seized.
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2024-11-16 19:49